Does the stock market affect card prices?

[ullmandds]

dow drops 300 point at open...i wont be buying any cards this morning!!!!!!

[Cozumeleno]

I am only in my 30s, so it doesn't affect what I do. If I were anywhere near retirement age, I am sure it would.

[Snapolit1]

I would have to think that many of the folks dabbling in ultra high end Mantle cards are banker/financial types. I think that would be the market to watch. If all of a sudden those cards start selling 20% of their highs of last year I think that would be pretty telling.

[ullmandds]

there almost may be an inverse relationship between the stock market and the vintage bb card market...as I feel more confident "investing" in bb cards than stocks.

[3-2-count]

Originally Posted by ullmandds

there almost may be an inverse relationship between the stock market and the vintage bb card market...as I feel more confident "investing" in bb cards than stocks.

That makes two of us Pete.....

[baztacula]

Wynn Resorts is up almost 9% today. Everything is fine.

[vthobby]

I have been pondering this for awhile and I think that when I was younger and VERY anxious about the stock market, it did affect my spending.

Now that I am older, I will buy a bit more Sportscards or Memorabilia in times of uncertainty (in addition to gold and silver) as the market is too up and down for me to invest that heavily.

When I spend on stuff I like, the intrinsic value is a big boost. You do not get that in the stock market!

Peace, Mike

[begsu1013]

i would be more worried if oil hit fifteen bucks a barrel and the aftermath it would produce on our economy vs the stock market tanking.

as always, a diversified portfolio is a strategic and proven method to help beat the odds.

but as for the market itself:

a bad market = more cards i can buy on the cheap.
a great market = my collection is proverbially worth more.

win, win for me.

[vintagetoppsguy]

Originally Posted by begsu1013

i would be more worried if oil hit fifteen bucks a barrel and the aftermath it would produce on our economy vs the stock market tanking.

Wow, Bob, you're one of the very few that actually gets it. It's funny how many people commenting have no clue how the economy really works.

Someone else in this thread eluded that cheap gas prices are great. They think it doesn't effect them

Ummm, can you say 'trickle down effect'?

One of the indicators of a recession is low oil prices (just like the last recession).

Edited to show graph between low oil prices and last recession.

[Peter_Spaeth]

What's good for Exxon is good for America!!

[Dpeck100]

If oil goes to $15 the stock market will easily be 20% lower from here. The stress the meltdown in the commodity markets is causing in the credit markets is freighting.

There are so many factors that go into card purchases and sales and I think what is more important is who holds the cards and how impacted they are. If for example you have an energy executive whose net worth has been decimated and their future earnings potential impacted they may be forced to sell with no desire to.

Clearly there is a hot money in cards at the moment and no telling if prices start to fall if they will rush for the exits. The card market is very thin and all it takes is a few key buyers to leave the scene and prices can soften quickly.

The other major caveat is a lot of people are tired of the wild gyrations in the stock market and look to collectibles as an alternative asset class and if their economic situation isn't impacted it may have no impact on their physcology.

This is a tough call and something where hindsight will be 20/20.

[1952boyntoncollector]

Originally Posted by Dpeck100

If oil goes to $15 the stock market will easily be 20% lower from here. The stress the meltdown in the commodity markets is causing in the credit markets is freighting.

There are so many factors that go into card purchases and sales and I think what is more important is who holds the cards and how impacted they are. If for example you have an energy executive whose net worth has been decimated and their future earnings potential impacted they may be forced to sell with no desire to.

Clearly there is a hot money in cards at the moment and no telling if prices start to fall if they will rush for the exits. The card market is very thin and all it takes is a few key buyers to leave the scene and prices can soften quickly.

The other major caveat is a lot of people are tired of the wild gyrations in the stock market and look to collectibles as an alternative asset class and if their economic situation isn't impacted it may have no impact on their physcology.

This is a tough call and something where hindsight will be 20/20.

As we all have seen even in a healthy market...there is buyers remorse/scared on bigger cards that we see bought, then on the market yet gain very fast....some may be trying to get a quick buck but its tough to do that when selling in the same year on 30 day auctions when you are hoping basically the underbidder on your auction will pay more than you did 3 months ago or a whole new person shows up even though a 30+ day auction usually is enough time for anyone who would of been interested to see it...yeah prices change but when I see the same card bought for 4000 for example and then for sale 4 months later at another auction (and not at some BIN preparing to wait years to get a higher price) i assume there was some buyer remorse/scared in that later decision

the stock market getting crushed would seem to add to the relisting of some of these cards .....

plus with such high card prices recently, why not take a almost sure chance for major profit..

[kailes2872]

Originally Posted by vintagetoppsguy

Wow, Bob, you're one of the very few that actually gets it. It's funny how many people commenting have no clue how the economy really works.

Someone else in this thread eluded that cheap gas prices are great. They think it doesn't effect them

Ummm, can you say 'trickle down effect'?

One of the indicators of a recession is low oil prices (just like the last recession).

Edited to show graph between low oil prices and last recession.

David,
Guilty as charged. I tried to caveat, but I obviously didn't do a very good job of it. I am seeking to understand as I was regurgitating what my financial advisor said - and he said it much more eloquently. Probably time for me to leave the finanacial advice to the experts...

[trdcrdkid]

Originally Posted by vintagetoppsguy

Wow, Bob, you're one of the very few that actually gets it. It's funny how many people commenting have no clue how the economy really works.

Someone else in this thread eluded that cheap gas prices are great. They think it doesn't effect them

Ummm, can you say 'trickle down effect'?

One of the indicators of a recession is low oil prices (just like the last recession).

Edited to show graph between low oil prices and last recession.

You're cherry-picking data. Low oil prices can result from an economic downturn, as happened in the second half of 2008, but they can also result from many other factors. Any fall in oil prices from a recession is almost always very short-lived, since bigger macro factors generally have a much bigger effect. Oil prices declined pretty steadily from the early 1980s to the late 1990s, during one of the greatest and longest economic booms in U.S. history, going from over $100 (inflation-adjusted) down to $15 by 1998. They then rose pretty steadily over the next decade, with just a brief move downward in the short 2000-2001 recession, until 2008. See this longer-term price chart:

http://www.macrotrends.net/1369/crud...-history-chart

[vthobby]

Originally Posted by vintagetoppsguy

Wow, Bob, you're one of the very few that actually gets it. It's funny how many people commenting have no clue how the economy really works.

Someone else in this thread eluded that cheap gas prices are great. They think it doesn't effect them

Ummm, can you say 'trickle down effect'?

One of the indicators of a recession is low oil prices (just like the last recession).

Edited to show graph between low oil prices and last recession.

David,

It is all actually much simpler than that and harkens back to what my grandpa always said and did.......... if you can afford it and not put your future at risk and you NEED it then buy it, if you can't or it affects your families future in a negative way.......don't. If only the federal government listened to my Grandfather! He was a salt of the earth Vermont farmer and maple syrup maker and he used to send maple syrup to Stan Musial in the 1950s through a friend of his. RIP gramps. My grandfather never bragged about that but I sure as hell thought it was the cats meow! He died while I was in Afghanistan in 2010 and I still feel guilty about that but I digress.....

Peace, Mike

[MattyC]

Well, anecdotally I can offer that stocks are tumbling, yet I just happily paid a record for a 53T Mick, LOL!

[Stonepony]

Originally Posted by MattyC

Well, anecdotally I can offer that stocks are tumbling, yet I just happily paid a record for a 53T Mick, LOL!

Yeah, I just put out some serious cash for a 53B Mick.
I guess we're supposed to root for higher oil prices and China?

[MattyC]

Congrats-- 53B Mick is such a pretty card, always loved the composition of that photo, with him off to the side. Finding one of those centered is a major task.
Forget China, I am just rooting to get my 53 in hand so I can stare at it!